Charan Jeath Singh, the Minister for Multi-Ethnic Affairs and Sugar Industry, is actively participating in the 65th International Sugar Organization (ISO) Council Meeting and the 33rd ISO Seminar in London. During the seminar, he engaged with several international companies to enhance the Fiji Sugar Corporation’s (FSC) presence in the global market.
One significant meeting was with directors from Tate and Lyle, a part of the American Sugar Refinery (ASR) Group. The discussions revolved around the importance of sustainability in global sugar markets—an increasingly vital factor for international trade.
Singh noted the historical significance of Tate & Lyle in Fiji’s sugar industry, especially during the period of favorable pricing agreements with the European Union (EU), when the company was Fiji’s largest sugar importer. He expressed appreciation for the benefits Fiji derived from the EU Sugar Protocol, which once guaranteed sugar pricing.
In his address, Singh emphasized the necessity for Fiji to reconnect with Tate & Lyle, highlighting important alignment with sustainability goals and ensuring that the operations benefit local sugarcane farmers. “Tate & Lyle were once the largest importers of Fiji Sugar, back when the EU market guaranteed us favorable prices. The removal of preferential pricing was a blow, and our market share suffered as a result. Now is the time for Fiji to bounce back,” he asserted.
The directors from Tate & Lyle provided insights into current market conditions and shared strategies for building resilience in the highly competitive global sugar industry.
This year’s ISO Seminar is framed around the theme of ‘Sustainable Solutions for Sugar & Energy,’ reflecting the growing need for the sugar industry to prioritize sustainable practices for future development.
This engagement highlights Fiji’s commitment to rejuvenating its sugar industry and fostering sustainable partnerships that could lead to improved market conditions and benefits for local farmers. With proactive efforts and strategic partnerships, Fiji is poised for a positive turnaround in its sugar sector.
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